1.
Personio
gets $125 mn in funding, will hire 500
The German HR tech startup plans to double its
500-strong global team and expand into France too. German human resources software company,
Personio, has managed to raise $125 million in funds from investors in a Series
D funding. The technology startup is now a unicorn at a valuation of $1.7
billion. The Munich-based startup’s platform covers recruitment, onboarding,
payroll, absence tracking and other important HR functions. Since it charges a
per employee price, it is affordable for small and mid-sized firms, allowing
them the option of paying as their teams grow or expand. With the fresh funds,
the Munich-based startup will be able to take forward its plans to expand
further. It already has presence in Austria, Switzerland, Spain, the UK,
Ireland, the Nordic countries and Benelux. Now it is gearing to enter France
and Italy soon. It will also double its 500-strong global team, by hiring about
500 more employees by the end of the year, in London, Dublin, Munich and
Madrid.
2.
Abu Dhabi’s HRA and EGA
come together to boost employment
The Human Resources Authority and
Emirates Global Aluminium will create more job opportunities in the technical
spheres. In
a perfect example of meaningful cooperation between the public and private
sectors, Abu Dhabi’s Human Resources Authority (HRA) has entered into an
agreement with Emirates Global Aluminum (EGA), UAE’s largest non-oil and gas
industrial company, to give a push to employment and help UAE’s socio-economic
development. As per the agreement, HRA and EGA will together create job
opportunities for those registered with HRA and are seeking jobs. It will be
EGA’s endeavour to recruit UAE nationals and make them capable of pursuing
technical careers. Also, according to the agreement, EGA will have access to
all of HRA’s database pertaining to the job seekers in the UAE. The two
entities will help job seekers become ready for technical jobs by providing
them skill training via EGA’s national training programmes. Those who enrol for
the programme will get to sign a permanent contract. Candidates who complete
the year-long training programmes at EGA will be employed at EGA’s power plants
and smelters. This move is expected to give job seekers in the UAE a
much-needed boost. Already over 1,000 UAE nationals are employed at EGA. Over
5,000 UAE nationals have graduated from the programmes since they were first
launched way back in 1982. Many of the trainees have, over the years, managed
to reach leadership positions at EGA.
3.
Toyota
Kirloskar Motor, GoI collaborate to skill youth
Students
will be trained at the Toyota Technical Training Institute. Toyota
Kirloskar Motor (TKM) will collaborate with the Government of India, to skill
youth and equip them with relevant skills that will make them employable at
manufacturing companies and startups. A memorandum of understanding (MoU) has
been signed to this effect by TKM and the Directorate General of Training
(DGT), Ministry of Skill Development and Entrepreneurship (MSDE). The Flexi-MoU
scheme, will see TKM training students at the Toyota Technical Training
Institute (TTTI) through its Toyota Koushalya Programme. As an Industrial
Training Provider (ITP), TKM will provide skills training to youth from the
economically weaker sections from Karnataka’s rural areas. The ‘Learn and Earn’
approach will ensure that the youth are given theoretical knowledge as well as
on-the-job training (OJT), by master trainers in the Toyota Production System
(TPS).
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